Spectra MetaVaults · Katana

VBUSDC (vbUSDC Katana)

Overview

The Spectra MetaVaults VBUSDC on Katana is a single-asset stablecoin pool where suppliers earn yield on vbUSDC deposits through an onchain capital allocator protocol. The protocol generates returns by dynamically allocating vbUSDC across various DeFi opportunities.

Total APY stands at 4.57%, composed of a base rate of 1.83% and a reward layer of 2.74%. Over the past week, the APY has declined by 2.37%, and over the last month, it has fallen by 0.79%, placing the current yield below the 30-day mean of 7.01%.

TVL is $484K with no reported change in the last seven days; primary exposure here is depeg risk on the underlying stablecoin. As a single-asset stablecoin pool, liquidity depth and stability are key factors influencing performance.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 4.06%; 30-day mean is 5.97%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 56% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.